Rare Wolf Capital LLC Purchases New Stake in Crocs, Inc. $CROX

Rare Wolf Capital LLC purchased a new position in Crocs, Inc. (NASDAQ:CROX) in the fourth quarter, Holdings Channel reports. The fund purchased 12,314 shares of the textile maker’s stock, valued at approximately $1,053,000.

Other institutional investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its stake in Crocs by 399.0% in the third quarter. AQR Capital Management LLC now owns 1,266,799 shares of the textile maker’s stock valued at $105,841,000 after acquiring an additional 1,012,943 shares during the period. Norges Bank acquired a new position in shares of Crocs during the fourth quarter worth approximately $67,545,000. Smead Capital Management Inc. acquired a new position in shares of Crocs during the third quarter worth approximately $52,978,000. Himalaya Capital Management LLC bought a new position in Crocs in the 4th quarter worth approximately $53,720,000. Finally, American Century Companies Inc. grew its holdings in Crocs by 144.4% in the 3rd quarter. American Century Companies Inc. now owns 717,402 shares of the textile maker’s stock worth $59,939,000 after buying an additional 423,817 shares in the last quarter. Institutional investors own 93.44% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Barclays raised their target price on Crocs from $109.00 to $110.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. BTIG Research initiated coverage on Crocs in a research note on Tuesday, March 10th. They issued a “neutral” rating for the company. Williams Trading set a $150.00 price target on Crocs in a report on Tuesday, June 9th. Robert W. Baird upgraded shares of Crocs from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $115.00 to $150.00 in a research note on Monday, June 8th. Finally, Seaport Research Partners upgraded shares of Crocs from a “neutral” rating to a “buy” rating and set a $135.00 price objective on the stock in a research note on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Crocs has an average rating of “Moderate Buy” and a consensus price target of $120.00.

Insider Activity

In other news, CEO Andrew Rees sold 32,688 shares of the business’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $118.09, for a total value of $3,860,125.92. Following the sale, the chief executive officer owned 743,293 shares of the company’s stock, valued at approximately $87,775,470.37. The trade was a 4.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.10% of the company’s stock.

Crocs Trading Up 0.4%

Crocs stock opened at $125.05 on Friday. Crocs, Inc. has a 12-month low of $73.21 and a 12-month high of $129.79. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.67 and a quick ratio of 1.04. The stock has a market capitalization of $6.21 billion, a PE ratio of -90.62, a price-to-earnings-growth ratio of 1.29 and a beta of 1.57. The firm has a 50 day simple moving average of $109.49 and a 200-day simple moving average of $94.59.

Crocs (NASDAQ:CROX) last announced its earnings results on Thursday, April 30th. The textile maker reported $2.99 EPS for the quarter, topping the consensus estimate of $2.78 by $0.21. The firm had revenue of $921.46 million for the quarter, compared to analysts’ expectations of $900.57 million. Crocs had a positive return on equity of 48.29% and a negative net margin of 2.58%.The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.00 earnings per share. Crocs has set its Q2 2026 guidance at 4.150-4.350 EPS and its FY 2026 guidance at 13.200-13.750 EPS. As a group, equities research analysts expect that Crocs, Inc. will post 13.67 EPS for the current fiscal year.

Crocs Company Profile

Crocs, Inc is a global footwear designer, developer and distributor best known for its lightweight, proprietary Croslite™ foam-clog construction. The company’s product portfolio encompasses a range of styles, including clogs, sandals, slides, boots and sneakers, all featuring the slip-resistant, odor-resistant and cushion-providing qualities of the Croslite material. Crocs distributes its products through an omnichannel network that includes e-commerce platforms, company-owned retail stores, authorized dealers and wholesale partners.

Founded in 2002 by Scott Seamans, Lyndon “Duke” Hanson and George Boedecker Jr., Crocs launched its first clog on the island of Vail, Colorado.